Polar Asset Management Partners Inc. Invests $1.44 Million in CSLM Acquisition Corp. $SPWR

Polar Asset Management Partners Inc. bought a new position in CSLM Acquisition Corp. (NASDAQ:SPWR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,089,728 shares of the company’s stock, valued at approximately $1,436,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPWR. Carlyle Group Inc. purchased a new stake in CSLM Acquisition during the second quarter valued at $1,611,000. BlackRock Inc. purchased a new position in shares of CSLM Acquisition during the 2nd quarter valued at $862,000. Finally, Yorkville Advisors Global LP purchased a new stake in shares of CSLM Acquisition during the second quarter worth about $378,537,000. Institutional investors own 47.36% of the company’s stock.

Analyst Upgrades and Downgrades

SPWR has been the subject of a number of recent research reports. Wall Street Zen upgraded CSLM Acquisition from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of CSLM Acquisition in a report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.40.

CSLM Acquisition Stock Up 1.8%

NASDAQ SPWR opened at $0.30 on Thursday. The firm has a market cap of $64.57 million, a PE ratio of -0.64 and a beta of 0.71. The company has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.93. CSLM Acquisition Corp. has a 52 week low of $0.20 and a 52 week high of $2.27.

CSLM Acquisition Company Profile

Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.